Latest Ratios: P/E Ratio 20.2x · EV/EBITDA 15.7x · ROE 32.7%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $13.9B | $13.5B | $12.9B | $14.1B | $9.5B | $12.6B | $18.0B | $7.3B | $6.6B | $6.2B | $5.3B |
| Enterprise Value | $12.2B | $11.8B | $11.5B | $12.7B | $8.4B | $11.3B | $16.2B | $6.6B | $6.0B | $5.6B | $4.7B |
| P/E Ratio → | 20.23 | 18.98 | 20.44 | 23.09 | 26.04 | 19.52 | 18.97 | 16.14 | 25.88 | 29.86 | 27.47 |
| P/S Ratio | 2.88 | 2.79 | 2.83 | 3.29 | 2.09 | 2.29 | 3.42 | 2.44 | 2.38 | 2.42 | 2.37 |
| P/B Ratio | 6.47 | 6.07 | 6.06 | 6.33 | 4.21 | 5.24 | 7.94 | 4.88 | 5.65 | 5.91 | 6.16 |
| P/FCF | 14.28 | 13.84 | 16.40 | 12.98 | 21.52 | 60.11 | 12.98 | 18.86 | 24.69 | 20.25 | 21.37 |
| P/OCF | 13.44 | 13.02 | 15.31 | 12.34 | 17.80 | 42.15 | 12.31 | 17.11 | 21.78 | 17.92 | 18.93 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.43 | 2.52 | 2.95 | 1.86 | 2.06 | 3.09 | 2.21 | 2.17 | 2.17 | 2.13 |
| EV / EBITDA | 15.72 | 15.16 | 15.63 | 18.88 | 15.07 | 12.65 | 13.19 | 18.81 | 18.26 | 19.41 | 18.02 |
| EV / EBIT | 15.72 | 15.16 | 17.19 | 21.25 | 16.77 | 14.39 | 14.07 | 21.80 | 21.80 | 24.56 | 23.04 |
| EV / FCF | — | 12.05 | 14.60 | 11.65 | 19.08 | 53.96 | 11.74 | 17.08 | 22.44 | 18.15 | 19.15 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.2% | 43.2% | 43.3% | 41.6% | 38.2% | 41.5% | 44.7% | 38.2% | 37.7% | 35.8% | 37.2% |
| Operating Margin | 16.0% | 16.0% | 14.4% | 13.7% | 10.1% | 14.1% | 21.9% | 9.3% | 9.4% | 8.9% | 9.5% |
| Net Profit Margin | 14.7% | 14.7% | 13.9% | 14.2% | 8.0% | 11.8% | 18.0% | 15.1% | 9.2% | 8.1% | 9.3% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 32.7% | 32.7% | 29.0% | 27.3% | 15.7% | 27.7% | 50.5% | 33.7% | 23.1% | 21.9% | 25.5% |
| ROA | 19.2% | 19.2% | 17.7% | 17.1% | 9.6% | 15.8% | 29.1% | 20.5% | 13.7% | 12.9% | 14.6% |
| ROIC | 97.8% | 97.8% | 65.2% | 44.7% | 30.0% | 70.0% | 127.6% | 30.1% | 40.3% | 48.0% | 57.9% |
| ROCE | 31.1% | 31.1% | 26.4% | 23.4% | 17.9% | 30.5% | 55.9% | 18.7% | 21.3% | 21.3% | 22.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | — | — | — |
| Debt / EBITDA | — | — | 0.13 | 0.11 | 0.13 | 0.05 | 0.03 | 0.09 | — | — | — |
| Net Debt / Equity | — | -0.79 | -0.66 | -0.65 | -0.48 | -0.54 | -0.76 | -0.46 | -0.51 | -0.61 | -0.64 |
| Net Debt / EBITDA | -2.26 | -2.26 | -1.92 | -2.15 | -1.93 | -1.44 | -1.39 | -1.96 | -1.83 | -2.24 | -2.09 |
| Debt / FCF | — | -1.79 | -1.79 | -1.33 | -2.44 | -6.15 | -1.24 | -1.78 | -2.25 | -2.09 | -2.22 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($1.8B) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.22 | 2.22 | 2.35 | 2.42 | 2.48 | 2.16 | 1.88 | 1.98 | 1.88 | 2.04 | 2.03 |
| Quick Ratio | 1.85 | 1.85 | 1.90 | 2.03 | 1.83 | 1.51 | 1.49 | 1.66 | 1.47 | 1.59 | 1.53 |
| Cash Ratio | 1.33 | 1.33 | 1.37 | 1.40 | 1.09 | 0.93 | 1.04 | 1.00 | 0.84 | 1.12 | 1.08 |
| Asset Turnover | — | 1.25 | 1.29 | 1.19 | 1.27 | 1.36 | 1.27 | 1.26 | 1.38 | 1.47 | 1.48 |
| Inventory Turnover | 5.58 | 5.58 | 5.13 | 5.94 | 4.11 | 3.43 | 4.39 | 8.02 | 5.92 | 6.34 | 5.51 |
| Days Sales Outstanding | — | 38.35 | 40.14 | 49.50 | 55.55 | 48.91 | 47.25 | 52.54 | 54.67 | 34.75 | 34.23 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.6% | 1.7% | 1.6% | 1.3% | 1.7% | 1.3% | 0.8% | 1.7% | 1.7% | 1.7% | 1.8% |
| Payout Ratio | — | — | 32.9% | 29.3% | 45.4% | 24.7% | 15.2% | 27.6% | 44.2% | 50.0% | 45.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 5.3% | 4.9% | 4.3% | 3.8% | 5.1% | 5.3% | 6.2% | 3.9% | 3.3% | 3.6% |
| FCF Yield | 7.0% | 7.2% | 6.1% | 7.7% | 4.6% | 1.7% | 7.7% | 5.3% | 4.1% | 4.9% | 4.7% |
| Buyback Yield | 0.0% | 0.0% | 4.6% | 3.8% | 4.7% | 3.3% | 0.9% | 0.7% | 1.0% | 1.0% | 1.9% |
| Total Shareholder Yield | 1.6% | 1.7% | 6.2% | 5.0% | 6.5% | 4.5% | 1.7% | 2.4% | 2.7% | 2.7% | 3.7% |
| Shares Outstanding | — | $148M | $153M | $158M | $164M | $170M | $172M | $169M | $169M | $169M | $166M |
Cyclical PC demand volatility
Based on current market data, Logitech trades at a forward P/E of 17.67, which suggests that investors are pricing in a moderate growth trajectory that balances the company's historical hardware cyclicality against the potential for sustained margin expansion in its higher-value enterprise and gaming segments.
The current valuation multiple appears to reflect a market consensus that views Logitech as a hybrid between a stable consumer goods firm and a high-growth technology player. Investors should monitor whether the forward P/E expansion is supported by actual earnings growth or if it represents a temporary re-rating based on optimistic expectations for AI-driven PC refresh cycles.
According to recent financial statements, Logitech's ROIC has demonstrated significant volatility, peaking at 30.4% in 2026Q3 before moderating to 18.8% in 2026Q4, a trend that highlights the company's ability to generate high returns on invested capital despite the inherent fluctuations in global hardware demand.
The company's ability to maintain double-digit ROIC figures suggests that its design-led strategy and software-hardware integration are effectively creating economic value. This performance appears superior to industry peers, implying that the firm's focus on high-margin peripherals is successfully insulating it from the commodity-like pressures faced by lower-tier hardware manufacturers.
As reported in quarterly filings, Logitech's cash conversion cycle fluctuated between 37 and 53 days over the last ten quarters, indicating a disciplined approach to managing inventory and receivables that effectively supports the company's robust free cash flow generation throughout the fiscal year.
The stability in the cash conversion cycle suggests that management is successfully balancing the need for inventory availability with the risks of obsolescence in the fast-moving gaming peripheral market. Investors should monitor the DSO trend, as any sustained increase could indicate weakening leverage with retail partners or a shift toward more aggressive credit terms to drive volume.
Based on the provided balance sheet data, Logitech has successfully transitioned to a debt-free position as of 2026Q4, a development that significantly reduces interest rate sensitivity and provides the firm with a substantial liquidity buffer to navigate potential supply chain disruptions or strategic M&A opportunities.
The absence of long-term debt is a structural advantage that distinguishes Logitech from more leveraged hardware competitors, allowing for consistent capital returns through share repurchases. This fortress balance sheet appears to be a deliberate strategic choice, providing management with the flexibility to invest in R&D or software acquisitions without the constraints of debt covenants.
The price-to-sales ratio is frequently misapplied to Logitech, as it fails to account for the company's shifting revenue mix toward higher-margin software and enterprise services, which inherently warrant a higher valuation multiple than traditional, low-margin commodity hardware sales models.
Relying solely on P/S ratios obscures the underlying profitability improvements driven by the company's premiumization strategy and software ecosystem lock-in. Analysts should instead prioritize EV/EBITDA or P/FCF metrics, which better capture the firm's actual cash-generating power and the quality of its earnings in a hybrid-work environment.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LOGI stock.
Logitech International S.A.'s current P/E ratio is 20.2x. The historical average is 20.0x. This places it at the 48th percentile of its historical range.
Logitech International S.A.'s current EV/EBITDA is 15.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.5x.
Logitech International S.A.'s return on equity (ROE) is 32.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 20.3%.
Based on historical data, Logitech International S.A. is trading at a P/E of 20.2x. This is at the 48th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Logitech International S.A.'s current dividend yield is 1.62%.
Logitech International S.A. has 43.2% gross margin and 16.0% operating margin. Operating margin between 10-20% is typical for established companies.